Sunset Strip | Aussie market continues the recovery from fair value (i.e

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market continues the recovery from fair value (i.e. after OPEC carnage) despite local macro risks looming in the next few weeks. OPEC followed the path of the big Iron Ore miners and decided to maintain the oversupply to kill of the marginal high cost producers in US Shale, push up the cost of alternative energy and drive Russia into recession. More negative local data after RBA leaving rates unchanged has more and more economists changing their forecast to rate cuts / high unemployment in 2015...like what we have been saying for a number of months. Despite the short term government risk with tax white paper, financial sector inquiry and mid-year budget update expected in the next few weeks, we are positive as the market bounces off fair value after pricing in very low local growth outlook. Historically, recovery from fair value after a pullback has been a positive trend for the market. (VIEW LINK)


Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment